TRADE VERSUS BANK CREDIT

Simple item page
dc.contributor.authorToken, Aizat
dc.date.accessioned2021-06-28T07:20:37Z
dc.date.available2021-06-28T07:20:37Z
dc.date.issued2021-06
dc.description.abstractThis study analyzes the relationship between trade and bank credit, considering them as jointly determined variables. The relative sizes of bank and trade credit to sales are modeled in a two-equation system, allowing them to appear as explanatory variables in each other’s equations. Utilizing the administrative panel data consisting of large firms in Kazakhstan, I carry out my estimations employing the 2SLS method treating exclusion restrictions as instruments. Short-term financial investments are used as the exclusion restriction for the trade credit equation, whereas the size of intangible assets and cash-on-hand are utilized as exclusion restrictions for the bank loans equation. The results suggest a complementary relationship between trade and bank credit. Additional analysis during the 2014-15 economic crisis period points out to a decrease in the effect of the size of the labor cost on trade credit on the onset till the middle of the 2014-15 economic crisis. I also find that the effect of the size of fixed assets on bank loans weakened in 2015-16.en_US
dc.identifier.citationToken, A. (2021). Trade versus bank credit (Unpublished master`s thesis). Nazarbayev University, Nur-Sultan, Kazakhstanen_US
dc.identifier.urihttp://nur.nu.edu.kz/handle/123456789/5474
dc.language.isoenen_US
dc.publisherNazarbayev University School of Sciences and Humanitiesen_US
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/*
dc.subjecttradeen_US
dc.subjectbank crediten_US
dc.subjectKazakhstanen_US
dc.subjectType of access: Open Accessen_US
dc.titleTRADE VERSUS BANK CREDITen_US
dc.typeMaster's thesisen_US
workflow.import.sourcescience

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Trade versus Bank Credit (Aizat Token).pdf
Size:
460.86 KB
Format:
Adobe Portable Document Format
Description:
Thesis
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
6.28 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Theses and Dissertations